Ultra Etf Profile

ULE
 Etf
  

USD 10.51  0.04  0.38%   

Market Performance
3 of 100
Odds Of Distress
Over 67
Ultra Euro is trading at 10.51 as of the 29th of November 2022, a -0.38 percent decrease since the beginning of the trading day. The etf's lowest day price was 10.51. Ultra Euro has more than 67 % chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Ultra Euro ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of January 2022 and ending today, the 29th of November 2022. Click here to learn more.
The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments based on the funds benchmark. Ultra Euro is traded on NYSEARCA Exchange in the United States. More on Ultra Euro ETF

Ultra Euro Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ultra Euro's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ultra Euro or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ultra Euro ETF has high likelihood to experience some financial distress in the next 2 years
This fund generated-8.0 ten year return of -8.0%
Ultra Euro keeps all of the net assets in exotic instruments
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ultra Euro's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
IssuerProShares
Inception Date2008-11-24
BenchmarkEUR/USD Exchange Rate
Entity TypePartnership
Asset Under Management14.74 Million
Average Trading Valume29,013.7
Asset TypeCurrency
CategoryEuro
FocusEuro
Market ConcentrationDeveloped Markets
RegionEurope
AdministratorBrown Brothers Harriman & Co.
AdvisorProShare Advisors LLC
CustodianBrown Brothers Harriman & Co.
DistributorSEI Investments Distribution Co.
Portfolio ManagerJeffrey Ploshnick
Transfer AgentBrown Brothers Harriman & Co.
TrusteeWilmington Trust Company
Fiscal Year End31-Jul
ExchangeNYSE Arca, Inc.
Number of Constituents32.0
Market MakerVirtu Financial
Total Expense0.98
Management Fee0.95
Nav Price10.08
Two Hundred Day Average10.99
Ytd-26.01%
Average Daily Volume In Three Month35.48k
Fifty Two Week Low9.15
As Of Date25th of October 2022
Average Daily Volume Last 10 Day45.22k
Fifty Two Week High13.65
One Month5.16%
Fifty Day Average9.81
Three Month-6.33%
Ultra Euro ETF [ULE] is traded in USA and was established 2008-11-24. The fund is classified under Trading--Miscellaneous category within ProShares family. Ultra Euro ETF at this time have 13.39 M in net assets. , while the total return for the last 3 years was -10.09%.
Check Ultra Euro Probability Of Bankruptcy

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Ultra Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Ultra Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Ultra Euro ETF Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Ultra Euro ETF Currency Exposure (%)

Ultra Euro Target Price Odds Analysis

What are Ultra Euro's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Ultra Euro jumping above the current price in 90 days from now is about 6.06%. The Ultra Euro ETF probability density function shows the probability of Ultra Euro etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Ultra Euro has a beta of 0.6774. This usually implies as returns on the market go up, Ultra Euro average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ultra Euro ETF will be expected to be much smaller as well. Additionally, the company has an alpha of 0.071, implying that it can generate a 0.071 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 10.51HorizonTargetOdds Above 10.51
93.85%90 days
 10.51 
6.06%
Based on a normal probability distribution, the odds of Ultra Euro to move above the current price in 90 days from now is about 6.06 (This Ultra Euro ETF probability density function shows the probability of Ultra Etf to fall within a particular range of prices over 90 days) .

Ultra Euro Major Institutional Holders

Institutional Holdings refers to the ownership stake in Ultra Euro that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ultra Euro's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ultra Euro's value.
InstituionSecurity TypeTotal SharesValue
Virtu Financial LlcFund Units12.4 K188 K
View Ultra Euro Diagnostics

Ultra Euro ETF Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ultra Euro market risk premium is the additional return an investor will receive from holding Ultra Euro long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ultra Euro. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ultra Euro's alpha and beta are two of the key measurements used to evaluate Ultra Euro's performance over the market, the standard measures of volatility play an important role as well.

Ultra Euro Against Markets

Picking the right benchmark for Ultra Euro etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ultra Euro etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ultra Euro is critical whether you are bullish or bearish towards Ultra Euro ETF at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ultra Euro without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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Invested in Ultra Euro ETF?

The danger of trading Ultra Euro ETF is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ultra Euro is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ultra Euro. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ultra Euro ETF is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Also, please take a look at World Market Map. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Ultra Euro ETF price analysis, check to measure Ultra Euro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ultra Euro is operating at the current time. Most of Ultra Euro's value examination focuses on studying past and present price action to predict the probability of Ultra Euro's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ultra Euro's price. Additionally, you may evaluate how the addition of Ultra Euro to your portfolios can decrease your overall portfolio volatility.
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The market value of Ultra Euro ETF is measured differently than its book value, which is the value of Ultra that is recorded on the company's balance sheet. Investors also form their own opinion of Ultra Euro's value that differs from its market value or its book value, called intrinsic value, which is Ultra Euro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ultra Euro's market value can be influenced by many factors that don't directly affect Ultra Euro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ultra Euro's value and its price as these two are different measures arrived at by different means. Investors typically determine Ultra Euro value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultra Euro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.